A client once said to me, “I am not able to take on more work because I can’t find experienced people.” He didn’t want to hire junior people and train them. The fear is that they would leave for higher pay opportunities after they learn everything. This is like saying… [More]
Staying the Course
The strategy for a business defines the scope of product and market the business would pursue. They in turn determine the capabilities required for execution. The business environment is dynamic; opportunities are vast and unanticipated changes could arise any time. A business could steer off course when its strategy is… [More]
“One Microsoft” Makes Total Sense
Microsoft announced its latest corporate restructuring effort to create “One Strategy, One Microsoft.” Going forward, there will be one core strategy supported by functional groups. Instead of having disparate engineering and marketing teams to drive their specific initiatives, the new structure would effect tighter integration of work across products and… [More]
Finding a Balance Between the Use of Old and New Technology
Connie shares tips on what company should take into consideration when looking at implementing new technology.
Top Reasons for an Organization’s Demise
Connie explains the three top reasons for a company’s demise. Lack of a strategy Not able to act quickly Poor management of finances
Best Ideas to Increase Your Competitive Advantage
Connie shares tips on how companies can increase their competitive advantage. 1. Build on the value proposition of your business 2. Know your competition and differentiate your offerings 3. Anticipate customer needs 4. Innovate 5. Optimize the cost structure 6. Drive operational efficiency 7. Build expertise in your employees
Do You Have a Plan B?
Upon its announcement of the departing CEO Christine Day, Lululemon’s stock price took a deep dive of 18%. The company has built a loyal customer base for its yoga wear. It has recovered nicely from an earlier kerfuffle around its ultra sheer luon yoga pants. The surprising announcement got the… [More]
The Toughest Challenge with Change Management
Connie explains that there are two sides to change management: the technical side and the people side.The people side of change tends to present the most challenges when it comes to change management.
Why Compensation on Performance is a Problem
Connie shares some problems that can arise from compensating strictly on performance. 1. Employees only focus on areas they are good at, and ignore those that need improvement 2. Employees are unwilling to accept measurement on work which they don’t have control 3. Employees will see this as a way… [More]
Why is Mission & Strategy Critical to Sustain Business Growth?
Connie explains why organizations must have a clearly mapped out mission and strategy. 1. Defined goals 2. Clear direction 3. Criteria for setting priorities 4. Filters for decision making 5. Guidance on day-to-day operations
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